Avi Japan Opportunity TrustLSE:AJOT +0.30%58 Piotroski F-Score is 2 as of Jul. 02, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates LSE:AJOT with a GF Score™ of 58/100 and a GF Value™ of £1.82 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,595 Asset Management companies, Avi Japan Opportunity Trust ranks worse than 90.78% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Avi Japan Opportunity Trust has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Avi Japan Opportunity Trust's Piotroski F-Score or its related term are showing as below:
LSE:AJOT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 2
During the past 7 years, the highest Piotroski F-Score of Avi Japan Opportunity Trust was 7. The lowest was 2. And the median was 5.
Avi Japan Opportunity Trust (LSE:AJOT) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Avi Japan Opportunity Trust Piotroski F-Score Related Terms
Avi Japan Opportunity Trust Piotroski F-Score Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Avi Japan Opportunity Trust Piotroski F-Score Chart
LSE:AJOT vs BLK, BX, KKR: Piotroski F-Score Comparison
For the Asset Management subindustry, Avi Japan Opportunity Trust's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Avi Japan Opportunity Trust Piotroski F-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Avi Japan Opportunity Trust's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Avi Japan Opportunity Trust's Piotroski F-Score falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Avi Japan Opportunity Trust's current Net Income (TTM) was 41.12.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Avi Japan Opportunity Trust's current Cash Flow from Operations (TTM) was 2.07.
==> Positive ==> Score 1.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
Avi Japan Opportunity Trust's return on assets of this year was 0.180715. Avi Japan Opportunity Trust's return on assets of last year was 0.19093527.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Avi Japan Opportunity Trust's gearing of this year was 0.09079242. Avi Japan Opportunity Trust's gearing of last year was 0.0696584.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Avi Japan Opportunity Trust's current ratio of this year was 12.57002557. Avi Japan Opportunity Trust's current ratio of last year was 14.6383581.
==> Last year's current ratio is higher ==> Score 0.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Avi Japan Opportunity Trust's number of shares in issue this year was 146.133. Avi Japan Opportunity Trust's number of shares in issue last year was 140.096.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Avi Japan Opportunity Trust's net margin of this year was 0.95741163. Avi Japan Opportunity Trust's net margin of last year was 0.96343374.
==> Last year's net margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Avi Japan Opportunity Trust's asset turnover of this year was 0.18875371. Avi Japan Opportunity Trust's asset turnover of last year was 0.19818205.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Avi Japan Opportunity Trust has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Avi Japan Opportunity Trust (LSE:AJOT) has a Piotroski F-Score of 2 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Avi Japan Opportunity Trust and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Avi Japan Opportunity Trust's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Avi Japan Opportunity Trust ranks #1448 out of 1595 companies in the Asset Management industry, placing it in the top 90.8%.
Is Avi Japan Opportunity Trust's Piotroski F-Score too high?
Avi Japan Opportunity Trust's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Asset Management industry median Piotroski F-Score is 5.00. Avi Japan Opportunity Trust's value of 2 is 60% below this industry median. Based on the distribution chart, Avi Japan Opportunity Trust ranks #1448 out of 1595 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Avi Japan Opportunity Trust has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Avi Japan Opportunity Trust's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Avi Japan Opportunity Trust ranks #1448 out of 1595 companies for Piotroski F-Score. This places Avi Japan Opportunity Trust in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Avi Japan Opportunity Trust's value of 2 is 60% below this benchmark. Historically, Avi Japan Opportunity Trust's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Avi Japan Opportunity Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,595 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avi Japan Opportunity Trust's current Piotroski F-Score of 2 is 60% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Avi Japan Opportunity Trust and its competitors. For the Asset Management industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avi Japan Opportunity Trust's current Piotroski F-Score is 2, which is 60% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avi Japan Opportunity Trust stock overvalued right now?
Based on GuruFocus' analysis, Avi Japan Opportunity Trust (LSE:AJOT) is currently considered Fairly Valued. The stock's GF Value™ is £1.82, compared to a current price of £1.67 — trading 8.2% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Asset Management industry median of 5.00. Avi Japan Opportunity Trust's overall GF Score™ is 58/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Avi Japan Opportunity Trust (LSE:AJOT), the current Piotroski F-Score is 2 as of Jul. 02, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Avi Japan Opportunity Trust (LSE:AJOT) Overvalued in 2026?
Based on GuruFocus' analysis, Avi Japan Opportunity Trust stock appears to be undervalued.
The current stock price of £1.67 is trading 8.2% below its estimated GF Value™ of £1.82.
GuruFocus considers Avi Japan Opportunity Trust to be Fairly Valued.
Key valuation signals for LSE:AJOT:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: £1.82 vs. price of £1.67 (8.2% below fair value)
Industry Position: 60% below the Asset Management median (#1448 of 1595)
No single metric tells the full story. See the LSE:AJOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avi Japan Opportunity Trust PLC is a closed-ended investment company. Its investment objective is to provide shareholders with capital growth in excess of the MSCI Japan Small Cap Index, through the active management of a focused portfolio of equity investments listed or quoted in Japan which have been identified as undervalued and having a substantial proportion of their market capitalisation held in cash, listed securities and/or realisable assets.
58GF Score
Get the complete analysis for LSE:AJOT
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